As a person with a little money.. I brought a few 1/10 till i got about 20 of them.. then I started buying 1/25 and 1/50.. now I only buy 1 oz.. I save till i get enuff to do so.. I dont care about price movements.. I save I buy and I repeat.. I am happy with that also I went from AGE to CML that helps to.. I am content. I listen every day but I do what works for me..
I’m in Canada and I pay 14% premium usually because I purchase a new 1/4oz ML gold coin every 3 pay cheques. It’s savings for me, simple and stable. Thank you for all the info!
With an executive member at Costco, you can buy Gold coins basically for spot, or 2$ within spot in Canada - just in case you didnt know. Its only 1oz though, no fractional
Premiums are a part of life, and if you can minimize them that's terrific. On the other hand sales taxes at 10% on small purchases (under $2000) makes fractional in California a non-starter. California government hates their middle income residents. Always enjoy your videos though!
I am fairly new to purchasing gold. I am on a strict budget and can only afford 1/10 oz AGE. I been told to save up for 1 oz. however with the price of gold going up and up. I have found that my first purchases of 1/10 oz at $225 to $235 now look to be great buys. Maybe I don’t know what I am talking about but I never intend to sell my gold and will give it to my grand kids when I pass. Dollar cost averaging seems to be working for me.
I’m on SSI and also take care of my Mother. Plus work a side job, so I’ve been buying a 1/4 oz or 2 every month. It hasn’t been killing me so gonna keep plunking away at it.
My view is, if fractional gold premiums are always high, then they are always high when selling also. Hi when you buy and high when you sell. It be a wash
I don’t like paying the premiums when there is a new all time high. When there is a pull back and the new asking price is at or below the high, I feel it’s a fine buy.
I've been buying my 1oz coins at Costco. With the executive membership return of 2%, I normally end up actually paying spot, or even 2 dollars below spot hehe. They are pretty slow to update their prices, which can also be bad sometimes. I normally snipe it for spot though. Normally the premium I pay though is 0.25%
This one local coin shop/precious metals dealer here in the Milwaukee-Chicago area not only sells just gold and silver coins and bars, but also copper, platinum, palladium, rhodium and iridium. It's wild.
I have a few, not many. My reson for buying them was simply because they were smaller than full ounce coins or bars, if I need some smaller denominations for something.
PMs are high and it makes the premiums high as a percentage already. This week’s dip was barely a blip. We do seem to have settled into a range. Also, because gold has risen so much, from a relative standpoint, a hundred dollar dip ain’t “nuttin’”. I started slowing my intervals until I realized that I might need to hold out even longer. Like in years. Really wait for something that looks like a trend, not a blip. I don’t NEED more PMs to the point that I would throw any caution to the wind in this market. There’s a LOT going on with the economies of the world right now.
UK based and as a previous poster has said we have Sovs and half Sovs that can be got at around 3% which are well worth buying rather than holding on for a 1oz Brit imo I like picking up quarter oz Brits now thst I have a decent base of Sovs Proofs seem to be decent value at the minute when compared to bullion and I’ll get them preferably as I do think they will become more popular Looking forward to your announcement and hope it’s suitable for UK people
Excited to see what you have in store for fractional gold purchases. I have purchased a few 1/10 ozs to put in a money belt when I travel. Lower premiums would encourage me to purchase several more 1/4 and 1/2 ozs.
@@IsaacReddinger Do very little travel abroad. But, when I travel in the US I wear a money belt with some cash and a few 1/10th ounce coins. If ever robbed or I lose my wallet, I have enough for a few days.
Over the course of the last year and a half, I have bought 1/4 oz gold eagles 12 times, with an average premium of 14.6%. There's one REALLY bad deal in that mix at 24% and the best deal in the bunch was 9.6%.
I've focused on getting 1/10th ozt gold for just short of a year now. Reasoned in my mind that, outside of sudden cash bonuses, I won't be able to grab full ozt. Also, the premiums on 10 ozt silver is slightly above the 1/10th ozt. So I'm aiming for a 1/10th ozt for around 10-11%premium. There are wide gaps between that availability that allows silver grabs but typically no more than 4 ozt. It's possible and even got an philharmonic at a crazy 8%.
One thing about fractional U.S. is that when you sell, you still get some of that premium back. In my experience, the spread is about 5 to 6%. And, the fractional is easier to sell when prices start to get crazy.
Still adding 1/4 AGEs when possible on the dips. All the budget can handle at the moment, but it better than the not option. Always hit all the sites to see who has the lowest possible price before hitting the buy it button. Premiums are from 5-9% most of the time.
Only buy fractionals on sale. Monument often has AGE 1/4 Oz on sale. APMEX around 3 times a year 1/4 and 1/10th. I find 1/2 Oz more frequently on sale.
@@LJF722 I’ve used Apmex and their quality and service are exceptional , but Apmex tends to use an inflated spot price before adding a stout premium. “Sale” is relative.
Fractional is the only size I can afford to buy. I buy the 1/10 and 1/4 ounce sizes BUT, I only buy in the dips and never on a bull run. Last month I picked up a couple 1/4oz gold eagles at close to spot (lucky - one time deal) and now the Fed is expected to cut rates soon so Gold is going to take off, so I'm pausing my buying for now, as I have a couple of bills that need taken care of.
Bigger question to ponder is if we go into a recession how much 'liquidity' will they pump into the market this time? These interventions have to get larger in size as the debt rises. This will add to inflation as well as debt servicing.
Agreed. The usual US Gov / Fed response to recessions will eventually doom the US$, the bond market, and anything else that depends on the US$ for its value. TPTB seem to understand this but have no other options available to them. The time to nip this problem in the bud was 3-4 decades ago and not as far into their future as we now find ourselves. They have squandered that most precious of resources, time, in their quest for ever more unsustainable spending. At some point, the game will be over and it seems as if a horrible crash is about the only option remaining.
The smallest fractionals I've got are quarter ounce. I only buy when I can get a premium of 5% or less. Needless to say, i haven't bought any in about 2 years. Instead, I've been buying silver with the intention of using the silver to buy gold when the S-G ratio makes it attractive to do so.
I set targets for fractional just to have smaller pieces for diversification in potential selling scenarios. Hard not to just swing for the 1 oz usually.
For me the premiums on fractional are off the charts and now that i am actually dipping my toe into the Gold game it's only going to be 1 oz coins for me. I just can't justify paying the premiums on fractional, the movement required to break even is just not worth the upfront cost. I don't mind the higher premiums in Silver because it's a lower price to begin with and it has a long term purpose to help me with my Gold purchases when the my trigger in the GSR (Gold to Silver Ratio) is hit. Silver is also quite a bit more volatile meaning that it won't take nearly as much movement to realize a profitable use for Silver even if i won't swap all of it.
Premiums do matter especially if I'm looking to buy fractional gold. The only time the argument "premiums don't matter" or "price doesn't matter" might apply is if you never plan to sell. But I like to keep my options open. I hope you have some upcoming tips on buying fractional gold.
I was going to buy some silver eagles earlier this week when it dropped under $27 oz. But the premiums would have still had me paying $31 per oz, $4+ premium!!😡
If you like eagles, look for the impaired ones. Premiums are usually low, around 2 bucks in my area, and while they're not perfect, they're usually just toned or have minor imperfections that ypu can dip out or just ignore; and you still have Eagles. And you won't lose much when you sell.
I've been buying $5 Liberty Half Eagle Pre-33 coins lately. At today's prices the melt value of the 1/4oz AGE is about $10 more than the .2418oz Pre-33, but the price I pay is about $60 less. I'm all for that kind of savings!
Agree! Also buying pre 1933 eagles and occasional double eagles. British Sovereigns and French 20 Franc Lucky Angels and Roosters can also be bought for minimal premiums.
I usually buy 1 oz gold buffalos or eagles or Saint Gaudens, but recently bought a quarter oz eagle. I can get the qtr oz eagles for 9% premium. May start picking these up regularly.
I'm loath to purchase fractional due to the higher premiums but I have several half ounce coins. Fractional offers affordability when I don't have enough funds for an ounce. Going to purchase a full ounce this weekend (2% premium).
Peer to peer transactions, is your best bet to recover your premiums. There's plenty of forums to do that. It's not too much of a sweat if you get it at the right prices.
@@2is1gold I'm verified, and sell plenty on FB forums. There's plenty of people. Just have to find the right groups and admins who care about their groups! Love your videos man! You and Bald guy money are my favorites who keep it honest!
I've only started purchasing PMs in the past few months. Silver aside, I have purchased two 1/10th oz gold coins, one Britannia and one Philharmonic. They were the lowest premium 1/10th oz coins I could find at the time of purchase. One had a 12.1% premium, the other was 10.0%. Considering fractional premiums, I feel I did ok.
Almost all of the 1/10 ounce gold I have purchased I bought privately at a less than 10% premium. When I buy fractional it's almost always 1/4 ounce. I'm also finding it a bit more difficult to pry open my wallet for the full ounces currently. I'm looking forward to hearing more about your new partner, though I expect that Canada will be off the table for shipping (I'm used to that)
I started buying 1 gram, 1/10 oz, and 1/4 oz gold when there is a sale because in the moment that is what I can more easily afford. I have saved up enough for 1oz of gold in a hysa account but decided I like the interest income coming in. I discovered if I wait to save up for 1oz I'll never end up buying any. Premiums be damned, I'll buy the fractional.
Used to buy 1/4 oz gov minted coins when i could find them under 350, adjusted gradually to being accepting of 500$, havnt come to terms with over $600 yet for better or worse. Been on pause for a while.
I buy and sell on the secondary market in Australia. I can get 1/4oz coins close to spot, but 1/10oz are usually 10% or more. Sometimes I can find them for close to spot in bulk deals, but it seems the 1/4oz is the way to go. Buying new coins from a dealer 1/10oz is silly as premiums are usually 15-20%, why bother...
I would love to spend less on premiums for 1/10th Maples. As a Canadian, will I be able to take advantage of this here partnership or what have you that you teased in the video?
I have a bunch of fractional pieces, all were paid for between 10 and 12 percent. I simply can't buy a whole ounce at once most of the year. I find tenth and rarely twentyth ounces on sale at those prices in Doc's deals. I'm putting off a bit of silver stacking over the course of a month so that I can buy a quarter ounce, and I'll compare what my LCS charges compared to online dealers when that comes up.
I only have fractional gold from when I started in '18. My local coin shop didn't always have 1oz coins, so I got them as a way to total greater than $1500 and avoid the sales tax (saving 8%). Usually with a mix of silver. I was fortunate since the premium was the same/oz.
All I can afford at the moment is fractional. I want to do what you said you would do with buying 3 fractional and pay the difference for a full oz but I feel like I wasted money on the premiums more when I do that even though I know that logically makes no sense.
.... CAN YOU PLEASE DO A VIDEO ON THE OXFORD GOLD SCANDAL? I HAVE SOME SMALL AMOUNT WITH EQUITY TRUST AND I WANT TO MAKE SURE THEY ARE NOT CAUGHT UP WITH OXFORD GOLD???
The half-ounce AGE is my new go-to gold coin with a realistic goal of acquiring one every other month.. Started a tube this year that I should finish by the time I take Medicare! P.S. --I am paying between a 6-7% premium, but I insist on buying only ASEs
Here in the UK we can buy a full Sovereign - 0.2354 troy ounces of pure gold - for commonly a 3% to 4.5% premium depending on if you buy new dated or relatively new dated stock. Half Sovereign's - 0.117 troy ounces of pure gold - commonly sell for around the 5% premium mark making both affordable premiums. I tend to opt for full 1oz coins on perceived 'dips' and include weekly purchases, or twice monthly purchases, of 1/2 of full sovereigns, respectively. Not sure how this would work out in the USA however, may be worth looking into.
Yep, the pre-owend Sovereigns I have been buying at Atkinsons are normally 2-3% over spot, and rang from 1866 to 1950, and must are in VGC which is how I sold an 1893 Sov for £1100 on eBay after I paid just £380 for it, I just which the prices weren't so high now.
@@mk1fourwinds62they didn't say they weren't 22k gold. I'm guessing that the quoted amount of pure gold is equivalent to 22k sovereign gold content in mass.
We get a good deal on 'coins of the realm' in UK. They are exempt from both sales tax (VAT) and CGT (Capital Gains Tax). I'm collecting second-hand sovereigns whenever I can afford them.
I have not purchased gold since it was below 2000 dollars. I do not believe its a good idea to buy gold at todays prices. I believe that gold is going to dip significantly. I do not know when. It will have to dip down to below 2200 for me to be excited about gold. I think 2100 per oz would motivate me to get off the couch and buy more. We have entered hard times.
Don’t think that would happen anymore, gold is becoming less and less every day, also every day have more people are new to buying gold, after 2 more years you will realize that today’s $2500.00 per ounce was cheap
Newbie question here. When you say 15% premiums, is that above spot or does that mean above what you would pay above a 1 ounce gold bullion like an eagle. Thanks in advance. Really enjoy your channel.
I was JUST going to mention you to 2is1. Your post the other day said your 1/10 ozt had a premium but if you WAITED to save up for an ounce, that premium on the 1 ozt was HIGHER than buying 10 fractionals. StackOn
I seem to buy alot of 1/10 coins because I can't afford to buy alot at the moment.. besides that I don't look at gold as a way to make money but in order to keep value to my money...like my own bank type of scenario
I now only buy pre-owened coins and bars, and mainly British Sovereigns and some Britannias as they are very close to gold spot price at £15-40 added on to each coin, were as new add around £7-15 more on top agai.
In the UK iv just picked up some 1/10 brits for around 9% premium. I like the 1/10ths it feels like my stack is growing without blowing by bank account. I'm looking long term I don't envisage selling my gold just passing to my boy unless something goes really wrong!
Can you DO A VIDEO ON a OXFORD GOLD FRAUD??? I HAVE A LITTLE BIT OF MONEY WITH EQUITY TRUST... AND I WANT TO MAKE SURE THEY ARE NOT CAUGHT UP IN THE OXFORD GOLD MESS
Ok yesterday I saw a show saying the government or Freddie Mac is giving away trillions in home equity loans , I thought why would anyone want to go further into debt now ? Than I thought I should do that and buy a shit load of gold
Maybe this has been the rip from the tiny Covid recession? Either way I don’t like the price of gold today. Fractional is still cheaper than silver premiums though.
So for man man 2is1 i was able to find some 10th ounce at 269 eagles...i hate freaking eagles bit the price isnt bad at all 8.5% premium,and for my favs the 20 francs (.1867)$465 4.5% over spot
Ducats, sovereigns, vreneli, 20f roosters, 20 marks, 10 gulden, 4 or 8 florin, 1/8 oz 20€ coins or US pre1933. I've got all my gold in coins like these, only coin i ever paid more than 2% premium on was a columbian 5 pesos, that i really wanted because it had a die crack.
Buy whatever size gold you can. If gold ever really has to do its job, i can assure you it won't matter to you if you paid a 4% upper on premiums. That will be chicken feed.
I've bought and sold fractional (down to a tenth ounce) for at or below spot at coin shops. Fractional premiums are all over the board these days, you just gotta keep your eyes open. :)
I also buy from my local coin shop at Spot for fractional because I have a good relationship with them. They will call me when they have some at Spot. I have accumulated quite a bit this way over the years.
As a person with a little money.. I brought a few 1/10 till i got about 20 of them.. then I started buying 1/25 and 1/50.. now I only buy 1 oz.. I save till i get enuff to do so.. I dont care about price movements.. I save I buy and I repeat.. I am happy with that also I went from AGE to CML that helps to.. I am content. I listen every day but I do what works for me..
Same story here with patience coming after I got a bit stacked. Cheers!
Nothing better for me than an independent thinker! 👍
SO WHO CARES....REALLY
I’m in Canada and I pay 14% premium usually because I purchase a new 1/4oz ML gold coin every 3 pay cheques. It’s savings for me, simple and stable. Thank you for all the info!
With an executive member at Costco, you can buy Gold coins basically for spot, or 2$ within spot in Canada - just in case you didnt know. Its only 1oz though, no fractional
@@mikemaners4411 3 weeks or 6 weeks?
Dude u shouldnt pay more than 100$ over spot for an oz. If you are youre doing it wrong. Im in sauga.
@@Restorection92Thanks for letting me know, this will change things, thanks!
@@bilbobaggins8595I have not started getting 1oz yet, still on 1/4oz for now.
Premiums are a part of life, and if you can minimize them that's terrific. On the other hand sales taxes at 10% on small purchases (under $2000) makes fractional in California a non-starter. California government hates their middle income residents. Always enjoy your videos though!
Yeah, one of my goto local shops is in your state. The tax bar is so silly.
Next door in Arizona we 0% sales tax on precious metals.
I am fairly new to purchasing gold. I am on a strict budget and can only afford 1/10 oz AGE. I been told to save up for 1 oz. however with the price of gold going up and up. I have found that my first purchases of 1/10 oz at $225 to $235 now look to be great buys. Maybe I don’t know what I am talking about but I never intend to sell my gold and will give it to my grand kids when I pass. Dollar cost averaging seems to be working for me.
Yeah, If you’re buying on a steady price run, you can get ahead of the wait and save plan. When price plateaus that changes. Cheers!
Yea now they are like 280
I started buying a 1/10 oz AGE every payday. Took me two years but now I have a tube of 50. Buying bigger things now.
@@fu4616 yes started buying in November of last year. Have 16 now. Buy when I can.
I’m on SSI and also take care of my Mother. Plus work a side job, so I’ve been buying a 1/4 oz or 2 every month. It hasn’t been killing me so gonna keep plunking away at it.
My view is, if fractional gold premiums are always high, then they are always high when selling also. Hi when you buy and high when you sell. It be a wash
I don’t like paying the premiums when there is a new all time high. When there is a pull back and the new asking price is at or below the high, I feel it’s a fine buy.
I've been buying my 1oz coins at Costco. With the executive membership return of 2%, I normally end up actually paying spot, or even 2 dollars below spot hehe. They are pretty slow to update their prices, which can also be bad sometimes. I normally snipe it for spot though.
Normally the premium I pay though is 0.25%
This is the only place I know where you can write a personal check and walk away with 5 oz of gold!!
This one local coin shop/precious metals dealer here in the Milwaukee-Chicago area not only sells just gold and silver coins and bars, but also copper, platinum, palladium, rhodium and iridium. It's wild.
I have a few, not many. My reson for buying them was simply because they were smaller than full ounce coins or bars, if I need some smaller denominations for something.
PMs are high and it makes the premiums high as a percentage already. This week’s dip was barely a blip. We do seem to have settled into a range. Also, because gold has risen so much, from a relative standpoint, a hundred dollar dip ain’t “nuttin’”. I started slowing my intervals until I realized that I might need to hold out even longer. Like in years. Really wait for something that looks like a trend, not a blip. I don’t NEED more PMs to the point that I would throw any caution to the wind in this market. There’s a LOT going on with the economies of the world right now.
UK based and as a previous poster has said we have Sovs and half Sovs that can be got at around 3% which are well worth buying rather than holding on for a 1oz Brit imo
I like picking up quarter oz Brits now thst I have a decent base of Sovs
Proofs seem to be decent value at the minute when compared to bullion and I’ll get them preferably as I do think they will become more popular
Looking forward to your announcement and hope it’s suitable for UK people
Excited to see what you have in store for fractional gold purchases. I have purchased a few 1/10 ozs to put in a money belt when I travel. Lower premiums would encourage me to purchase
several more 1/4 and 1/2 ozs.
Interesting idea. Also has me wondering if you seek out coin purchases when traveling abroad?
@@IsaacReddinger Do very little travel abroad. But, when I travel in the US I wear a money belt with some cash and a few 1/10th ounce coins. If ever robbed or I lose my wallet, I have enough for a few days.
Over the course of the last year and a half, I have bought 1/4 oz gold eagles 12 times, with an average premium of 14.6%. There's one REALLY bad deal in that mix at 24% and the best deal in the bunch was 9.6%.
I stacked 1/10 oz in 2014 filled a tube in of 50 in 2 & 1/2 years at lower price than todays prices was also filling a monster box at the same time.
I purchase one 1/10 gold eagle weekly. Rain or shine. Not planning to sell anytime soon. Have plenty of one ounce to liquidate if needed.
5,10,20,gram bars are best value in gold if you don't buy full oz
I've focused on getting 1/10th ozt gold for just short of a year now. Reasoned in my mind that, outside of sudden cash bonuses, I won't be able to grab full ozt. Also, the premiums on 10 ozt silver is slightly above the 1/10th ozt.
So I'm aiming for a 1/10th ozt for around 10-11%premium. There are wide gaps between that availability that allows silver grabs but typically no more than 4 ozt. It's possible and even got an philharmonic at a crazy 8%.
Phils at 8% are a good deal. Britannias and Maples are my goto for fractional, but the price is hit or miss. Cheers!
One thing about fractional U.S. is that when you sell, you still get some of that premium back. In my experience, the spread is about 5 to 6%. And, the fractional is easier to sell when prices start to get crazy.
Selling to private buyers or something else?
@@2is1gold my LCS guy who's a wholesaler as well. Dave at Coinhuskers. He lists his buy and sell sheets on his TH-cam videos weekly.
Thought provoking video, as always.
Still adding 1/4 AGEs when possible on the dips. All the budget can handle at the moment, but it better than the not option. Always hit all the sites to see who has the lowest possible price before hitting the buy it button. Premiums are from 5-9% most of the time.
In Canada right now...1/4 oz Maples are worth about 830.00...around 925.00 from my lcs but through a friend I can pick them up for 875
Only buy fractionals on sale. Monument often has AGE 1/4 Oz on sale. APMEX around 3 times a year 1/4 and 1/10th. I find 1/2 Oz more frequently on sale.
@@LJF722 I’ve used Apmex and their quality and service are exceptional , but Apmex tends to use an inflated spot price before adding a stout premium. “Sale” is relative.
I managed to sell all the fractional gold I'd bought since the beginning of the year during the spike like a week or so ago. Now waiting for the dip😂
Calm. Cool reasoning. Logical approach.
Fractional is the only size I can afford to buy. I buy the 1/10 and 1/4 ounce sizes BUT, I only buy in the dips and never on a bull run. Last month I picked up a couple 1/4oz gold eagles at close to spot (lucky - one time deal) and now the Fed is expected to cut rates soon so Gold is going to take off, so I'm pausing my buying for now, as I have a couple of bills that need taken care of.
Good job on this. Can't wait to hear your idea on fractionals is.
🤜🤛
Always interesting ! Always informative!!
Bigger question to ponder is if we go into a recession how much 'liquidity' will they pump into the market this time? These interventions have to get larger in size as the debt rises. This will add to inflation as well as debt servicing.
Agreed. The usual US Gov / Fed response to recessions will eventually doom the US$, the bond market, and anything else that depends on the US$ for its value.
TPTB seem to understand this but have no other options available to them. The time to nip this problem in the bud was 3-4 decades ago and not as far into
their future as we now find ourselves. They have squandered that most precious of resources, time, in their quest for ever more unsustainable spending.
At some point, the game will be over and it seems as if a horrible crash is about the only option remaining.
The smallest fractionals I've got are quarter ounce. I only buy when I can get a premium of 5% or less. Needless to say, i haven't bought any in about 2 years. Instead, I've been buying silver with the intention of using the silver to buy gold when the S-G ratio makes it attractive to do so.
What is the GSR you are looking for prior to a trade?
@@MinuteManPreciousMetals around 60
I set targets for fractional just to have smaller pieces for diversification in potential selling scenarios. Hard not to just swing for the 1 oz usually.
Solid as always and much appreciated! I avoid 1/10's for the most part although I do have some. 1/4 is my minimum and generally prefer the full ounce!
🤜🤛
I recently bought a 1/4 oz gold eagle for 4% over at a local coin shop. If you shop around, you can find it!
Fractional gold - 1. favorite is pre 1933 US $10 Eagles. 2. British Sovereigns and 3. 20 Franc French Lucky Angel and Rooster
I've always liked the One Ducat coins for fractional. They contain .11 oz of pure cold.
I have bought a couple 5 dollar modern commems. They are .24 gold and about $100 cheaper than a quarter ounce gold eagle
I got some silver this week under $29/oz. 👍
For me the premiums on fractional are off the charts and now that i am actually dipping my toe into the Gold game it's only going to be 1 oz coins for me. I just can't justify paying the premiums on fractional, the movement required to break even is just not worth the upfront cost. I don't mind the higher premiums in Silver because it's a lower price to begin with and it has a long term purpose to help me with my Gold purchases when the my trigger in the GSR (Gold to Silver Ratio) is hit. Silver is also quite a bit more volatile meaning that it won't take nearly as much movement to realize a profitable use for Silver even if i won't swap all of it.
Premiums do matter especially if I'm looking to buy fractional gold. The only time the argument "premiums don't matter" or "price doesn't matter" might apply is if you never plan to sell. But I like to keep my options open. I hope you have some upcoming tips on buying fractional gold.
Working on some options.
1/4 eagle is my go to for fractional. I pay between 9 to 11% premium.
I got into buying metals last month, and I feel as if I chose a bad time to start. I also feel like there's no better time to start than now so... 🤷
I felt the same, then I bought my first 1/4 AGE. I did more research, saved up & looked for a decent price from a reputable seller. Enjoy, I do
I was going to buy some silver eagles earlier this week when it dropped under $27 oz. But the premiums would have still had me paying $31 per oz, $4+ premium!!😡
Yeah, silver is a tough buy when it comes to premiums.
7.5-9€ in premiums here in EU 😅
If you like eagles, look for the impaired ones. Premiums are usually low, around 2 bucks in my area, and while they're not perfect, they're usually just toned or have minor imperfections that ypu can dip out or just ignore; and you still have Eagles. And you won't lose much when you sell.
4:11 that's what I learned here. Has worked so far. Even on one-tenth Phils.
I'm in The Netherlands and I paid 9% premium on a 1/4 oz gold coin and 6% on a 1/2 gold coin earlier this year
I've been buying $5 Liberty Half Eagle Pre-33 coins lately. At today's prices the melt value of the 1/4oz AGE is about $10 more than the .2418oz Pre-33, but the price I pay is about $60 less. I'm all for that kind of savings!
Agree! Also buying pre 1933 eagles and occasional double eagles. British Sovereigns and French 20 Franc Lucky Angels and Roosters can also be bought for minimal premiums.
And they're just plain cool
I buy 1/2 oz AGEs sometimes... I won't thumb my nose at fractional gold.
No gold deserves a nose-thumbing!
I usually buy 1 oz gold buffalos or eagles or Saint Gaudens, but recently bought a quarter oz eagle. I can get the qtr oz eagles for 9% premium. May start picking these up regularly.
I'm loath to purchase fractional due to the higher premiums but I have several half ounce coins. Fractional offers affordability when I don't have enough funds for an ounce. Going to purchase a full ounce this weekend (2% premium).
Fractional gold is always cheaper than silver that’s how i justify it.
Nice!
Peer to peer transactions, is your best bet to recover your premiums. There's plenty of forums to do that. It's not too much of a sweat if you get it at the right prices.
Yep. Wish there were better platforms for it, though.
@@2is1gold I'm verified, and sell plenty on FB forums. There's plenty of people. Just have to find the right groups and admins who care about their groups! Love your videos man! You and Bald guy money are my favorites who keep it honest!
I've only started purchasing PMs in the past few months. Silver aside, I have purchased two 1/10th oz gold coins, one Britannia and one Philharmonic. They were the lowest premium 1/10th oz coins I could find at the time of purchase. One had a 12.1% premium, the other was 10.0%. Considering fractional premiums, I feel I did ok.
When can we expect to hear about the new opportunity to buy fractional gold at lower premiums?
Almost all of the 1/10 ounce gold I have purchased I bought privately at a less than 10% premium. When I buy fractional it's almost always 1/4 ounce. I'm also finding it a bit more difficult to pry open my wallet for the full ounces currently. I'm looking forward to hearing more about your new partner, though I expect that Canada will be off the table for shipping (I'm used to that)
I started buying 1 gram, 1/10 oz, and 1/4 oz gold when there is a sale because in the moment that is what I can more easily afford. I have saved up enough for 1oz of gold in a hysa account but decided I like the interest income coming in. I discovered if I wait to save up for 1oz I'll never end up buying any. Premiums be damned, I'll buy the fractional.
Used to buy 1/4 oz gov minted coins when i could find them under 350, adjusted gradually to being accepting of 500$, havnt come to terms with over $600 yet for better or worse. Been on pause for a while.
Only fractional I like are the 2008 fractional buffaloes and the 2016 half oz walking liberty gold coins.
1/2 maples replacing my OZ purchase, jsut cut size in half schedule.
Good choice, it is possible to grab half ounce in a fairly good price and it is alao twice easier to sell it back in the future
1/4 ounce coins are my choice for fractional. Seems to have lower premiums.
I buy and sell on the secondary market in Australia. I can get 1/4oz coins close to spot, but 1/10oz are usually 10% or more. Sometimes I can find them for close to spot in bulk deals, but it seems the 1/4oz is the way to go. Buying new coins from a dealer 1/10oz is silly as premiums are usually 15-20%, why bother...
At the moment, fractional is all I can afford so that’s what I get. I’m intrigued by the option of lower premiums for fractional gold.
More on that soon.
Also take taxes into account if you live in a state that applies sales tax to PMs
Starting to buy smaller pre 33 coins.
I've been buying Kangaroo & Maple 1/10ths for $260 or less.
I would love to spend less on premiums for 1/10th Maples. As a Canadian, will I be able to take advantage of this here partnership or what have you that you teased in the video?
I have a bunch of fractional pieces, all were paid for between 10 and 12 percent. I simply can't buy a whole ounce at once most of the year. I find tenth and rarely twentyth ounces on sale at those prices in Doc's deals.
I'm putting off a bit of silver stacking over the course of a month so that I can buy a quarter ounce, and I'll compare what my LCS charges compared to online dealers when that comes up.
If/when it hits, I fear it’ll last for years. It’s just unrolling now, and will show its real face down the line.
Felt great seeing the stocks dip but gold held strong 🎉
I only have fractional gold from when I started in '18. My local coin shop didn't always have 1oz coins, so I got them as a way to total greater than $1500 and avoid the sales tax (saving 8%). Usually with a mix of silver. I was fortunate since the premium was the same/oz.
8% premium on 1/2 oz gold american eagles has been my last 3 purchases
That size seems to make so much sense, but I never see them locally. Seems strange.
I try to buy cheap gold when prices are high my LCS will get me $10-$20 above melt for pre 33 libs. On the dips I go for the buffalos and Eagles
Nice.
Gold Medals and commemorative coins, they have different fractional sizes, low premiums, some have kinda interesting designs.
All I can afford at the moment is fractional. I want to do what you said you would do with buying 3 fractional and pay the difference for a full oz but I feel like I wasted money on the premiums more when I do that even though I know that logically makes no sense.
Yeah, tough to do that today. Hoping to announce an option soon.
.... CAN YOU PLEASE DO A VIDEO ON THE OXFORD GOLD SCANDAL? I HAVE SOME SMALL AMOUNT WITH EQUITY TRUST AND I WANT TO MAKE SURE THEY ARE NOT CAUGHT UP WITH OXFORD GOLD???
The half-ounce AGE is my new go-to gold coin with a realistic goal of acquiring one every other month.. Started a tube this year that I should finish by the time I take Medicare!
P.S. --I am paying between a 6-7% premium, but I insist on buying only ASEs
Solid plan. I can make cases for Eagles and Maples. It’s harder from there. Cheers!
Here in the UK we can buy a full Sovereign - 0.2354 troy ounces of pure gold - for commonly a 3% to 4.5% premium depending on if you buy new dated or relatively new dated stock. Half Sovereign's - 0.117 troy ounces of pure gold - commonly sell for around the 5% premium mark making both affordable premiums. I tend to opt for full 1oz coins on perceived 'dips' and include weekly purchases, or twice monthly purchases, of 1/2 of full sovereigns, respectively. Not sure how this would work out in the USA however, may be worth looking into.
Yep, the pre-owend Sovereigns I have been buying at Atkinsons are normally 2-3% over spot, and rang from 1866 to 1950, and must are in VGC which is how I sold an 1893 Sov for £1100 on eBay after I paid just £380 for it, I just which the prices weren't so high now.
I thought sovereigns were 22k gold?
@@mk1fourwinds62they didn't say they weren't 22k gold. I'm guessing that the quoted amount of pure gold is equivalent to 22k sovereign gold content in mass.
Bloody good deals!
We get a good deal on 'coins of the realm' in UK. They are exempt from both sales tax (VAT) and CGT (Capital Gains Tax). I'm collecting second-hand sovereigns whenever I can afford them.
I have not purchased gold since it was below 2000 dollars. I do not believe its a good idea to buy gold at todays prices. I believe that gold is going to dip significantly. I do not know when. It will have to dip down to below 2200 for me to be excited about gold. I think 2100 per oz would motivate me to get off the couch and buy more. We have entered hard times.
Don’t think that would happen anymore, gold is becoming less and less every day, also every day have more people are new to buying gold, after 2 more years you will realize that today’s $2500.00 per ounce was cheap
Plan to stay on the couch.
In these uncertain times I choose tangible XY over digital.
Newbie question here. When you say 15% premiums, is that above spot or does that mean above what you would pay above a 1 ounce gold bullion like an eagle. Thanks in advance. Really enjoy your channel.
I buy fractional, (in addition to 1oz) but I dont limit myself to AGEs. I buy the cheapest I can find.
Fractional AGEs are typically far too expensive.
I was JUST going to mention you to 2is1. Your post the other day said your 1/10 ozt had a premium but if you WAITED to save up for an ounce, that premium on the 1 ozt was HIGHER than buying 10 fractionals. StackOn
I seem to buy alot of 1/10 coins because I can't afford to buy alot at the moment.. besides that I don't look at gold as a way to make money but in order to keep value to my money...like my own bank type of scenario
I do not trust the banking system at all! I keep a bare minimum of 'money' in there and put as much as I can into gold coins.
@geoffas I do the same.. the banks idk.. they just give ur money to whoever.. I just noticed some charges from temu on mine and I never used temu
I now only buy pre-owened coins and bars, and mainly British Sovereigns and some Britannias as they are very close to gold spot price at £15-40 added on to each coin, were as new add around £7-15 more on top agai.
12 to 15% premiums on 1/4 toz foreign sovereign coins. This was a couple years back.
Love to stack the frac. 3% or under for 20 francs. And never above 15% for 1/10 but been finding them for 8-10% lately and that's being picky on type
I caught these Britannias at 9%. (I never see them below 15%.) I would have bought more if they had them.
@@2is1gold solid pick up sir
Mostly half and quarter ounce Britannias
$750 for a quarter ounce American Gold Eagle is just insane. That's $3,000 an ounce. 😮
when gold dips to $1,600 buy it. I don't see it going lower than that so anything under $2,000 would be a good buy
With this advice, you may never buy gold again.
In the UK iv just picked up some 1/10 brits for around 9% premium. I like the 1/10ths it feels like my stack is growing without blowing by bank account. I'm looking long term I don't envisage selling my gold just passing to my boy unless something goes really wrong!
Bought some old gold 20 franc pieces. Close to a quarter ounce of gold and a lower premium.
Can you DO A VIDEO ON a OXFORD GOLD FRAUD??? I HAVE A LITTLE BIT OF MONEY WITH EQUITY TRUST... AND I WANT TO MAKE SURE THEY ARE NOT CAUGHT UP IN THE OXFORD GOLD MESS
Nice tease for whatever you're cooking up.
😄
I’m just holding and waiting right now on buying gold.
At 7:00 - what happens when you look at that chart and factor in inflation and purchasing power lost???
Ease of sale with fractional is a factor.
Hey no recession as many are still claiming everything is fine. With all the fictitious propping up the markets and others. No recession were I live.
Yep, this is fine, everything is fine! 😄
Ok yesterday I saw a show saying the government or Freddie Mac is giving away trillions in home equity loans , I thought why would anyone want to go further into debt now ? Than I thought I should do that and buy a shit load of gold
Maybe this has been the rip from the tiny Covid recession? Either way I don’t like the price of gold today. Fractional is still cheaper than silver premiums though.
Yeah, there are a few analysts out there saying we already got the rip. Some saying silver already topped. There’d be a lot of broken hearts!
@@2is1gold I’m waiting for the other rip.
Just started buying fractional 1/10th oz from Miles Franklin @ $39 over melt.
Excellent shit
🍻
So for man man 2is1 i was able to find some 10th ounce at 269 eagles...i hate freaking eagles bit the price isnt bad at all 8.5% premium,and for my favs the 20 francs (.1867)$465 4.5% over spot
When spot was $30.49 I was able to pick up a tube of ASE’s for 33.5 each or $670. When Silver dropped to $29.50, the roll still cost $670. 😂
Ducats, sovereigns, vreneli, 20f roosters, 20 marks, 10 gulden, 4 or 8 florin, 1/8 oz 20€ coins or US pre1933. I've got all my gold in coins like these, only coin i ever paid more than 2% premium on was a columbian 5 pesos, that i really wanted because it had a die crack.
Buy whatever size gold you can. If gold ever really has to do its job, i can assure you it won't matter to you if you paid a 4% upper on premiums. That will be chicken feed.
I've bought and sold fractional (down to a tenth ounce) for at or below spot at coin shops. Fractional premiums are all over the board these days, you just gotta keep your eyes open. :)
Yeah, the only way to recover premium on fractional is to sell it to a private buyer. Cheers!
1/10 oz are the same as in May.
I also buy from my local coin shop at Spot for fractional because I have a good relationship with them. They will call me when they have some at Spot. I have accumulated quite a bit this way over the years.